Corpay has launched stablecoin wallets for its 800,000 business clients through a new partnership with BVNK.
Summary
- Corpay’s integration with BVNK lets clients hold, send, receive, and convert stablecoins alongside fiat balances inside its platform.
- The S&P 500 firm processes over $12 billion in corporate payments and $26 billion in FX volume monthly across 145 currencies.
- Corpay will also integrate stablecoin rails into its own treasury operations to reduce reliance on pre-funded accounts.
Corpay (NYSE: CPAY) has announced a partnership with stablecoin infrastructure platform BVNK to provide embedded stablecoin wallets and settlement capabilities to its global client base. Clients can now view stablecoin balances alongside fiat inside Corpay’s platform and access payment rails that operate beyond traditional banking hours.
Corpay serves more than 800,000 clients worldwide, processing over $12 billion in corporate payments and $26 billion in foreign exchange volume every month across more than 145 currencies. The new wallet integration brings always-on settlement directly to that network.
What the BVNK partnership delivers
Mark Frey, Group President of Corpay Cross-Border Solutions, said the company needed faster liquidity at scale. “Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”
Jesse Hemson-Struthers, CEO of BVNK, said stablecoins are reshaping the foundation of global payments. “Corpay’s scale and reach make them an ideal partner to bring these capabilities into the mainstream,” he said.
Corpay will also integrate stablecoin rails into its own treasury operations, reducing reliance on pre-funded accounts across its global footprint. The firm has also added blockchain-based settlement through JPMorgan’s Kinexys private blockchain alongside the BVNK integration.
BVNK’s growing institutional footprint
BVNK has become one of the main firms helping payment companies add stablecoin rails. Mastercard agreed in March to buy BVNK for up to $1.8 billion, while Visa teamed up with BVNK earlier this year to support stablecoin funding and payouts through Visa Direct.
The Corpay deal follows a period of rapid expansion by BVNK, which raised $50 million in a Series B round backed by Haun Ventures, Coinbase Ventures, and Tiger Global. The Corpay integration positions stablecoins directly inside one of the largest cross-border payment networks operating today.
Source: https://crypto.news/corpay-adds-stablecoin-wallets-via-bvnk-deal/
